Excellon Resources (TSE:EXN) Shares Down 4.5% – What’s Next?

Excellon Resources Inc. (TSE:EXN) shares dropped 4.5% during mid-day trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 32,200 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 150,067 shares. The stock had previously closed at C$0.11.

Excellon Resources Stock Performance

The company has a debt-to-equity ratio of 35.78, a quick ratio of 0.13 and a current ratio of 0.23. The business has a fifty day simple moving average of C$0.11 and a 200 day simple moving average of C$0.13. The stock has a market capitalization of C$11.24 million, a price-to-earnings ratio of -0.33 and a beta of 1.02.

Insider Activity

In other news, insider Golden Capital Consulting sold 270,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$0.10, for a total transaction of C$25,650.00. Over the last 90 days, insiders sold 1,011,500 shares of company stock valued at $105,456. 25.96% of the stock is owned by company insiders.

About Excellon Resources

Excellon Resources Inc engages in the acquisition, exploration, and advancement of mineral properties. It primarily explores for silver, lead, zinc, and gold deposits, as well as base metals. The company holds 100% interests in the Platosa property covering an area of approximately 11,000 hectares located in Durango State, Mexico; the Evolución property that covers an area of 31,280 hectares situated in the states of Durango and Zacatecas, Mexico; and the Silver City project totaling an area of 340 square kilometers in Saxony, Germany.